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Entity-Specific Rating Rationales

05 Dec 2024

Spandana Sphoorty Financial Limited: Rating reaffirmed; Outlook revised to Negative

Spandana Sphoorty Financial Limited: Rating reaffirmed; Outlook revised to Negative

02 Dec 2024

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Celerity 09 2024, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Celerity 09 2024, backed by a pool of microfinance loans

14 Nov 2024

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

18 Oct 2024

Spandana Sphoorty Financial Limited: Rated amount enhanced; Ratings reaffirmed

Spandana Sphoorty Financial Limited: Rated amount enhanced; Ratings reaffirmed

23 Sep 2024

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

13 Sep 2024

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under a microfinance loan securitisation transaction

23 Aug 2024

Spandana Sphoorty Financial Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A1 and Provisional [ICRA]A-(SO) assigned to PTC Series A2 issued by Sunrise 2024, backed by a pool of microfinance loans

Spandana Sphoorty Financial Limited: Provisional [ICRA]AAA(SO) assigned to PTC Series A1 and Provisional [ICRA]A-(SO) assigned to PTC Series A2 issued by Sunrise 2024, backed by a pool of microfinance loans

20 Aug 2024

Spandana Sphoorty Financial Limited: Ratings withdrawn for PTCs issued under a microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Ratings withdrawn for PTCs issued under a microfinance loan securitisation transaction

19 Aug 2024

Spandana Sphoorty Financial Limited: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating upgraded for PTCs issued under microfinance loan securitisation transaction

08 Aug 2024

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under microfinance loan securitisation transaction

Spandana Sphoorty Financial Limited: Rating withdrawn for PTCs issued under microfinance loan securitisation transaction


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Entity-Specific Credit Perspective Reports

03 Dec 2024

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

09 Sep 2024

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

16 Aug 2024

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (Non-SF)

15 Feb 2024

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (Non-SF)

08 Jun 2023

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

23 May 2023

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

04 May 2023

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

04 Nov 2022

Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Term Loan -- -- [ICRA]A+(Negative) --
Non-Convertible Debentures -- -- [ICRA]A+(Negative) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- Withdrawn --
PTC Series A1(a) -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --
PTC Series A1 -- -- Provisional [ICRA]AAA (SO) --
PTC Series A2 -- -- Provisional [ICRA]A- (SO) --
PTC Series A1 -- -- Withdrawn --
PTC Series A2 -- -- Withdrawn --

Our Analysts

Analyst 1

Gaurav Mashalkar

Analyst 2

Sachin Joglekar

Sector Head

Abhishek Dafria
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